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If it took me losing my investment here to know these scammers earned a serious fine or jail time, then I’d happily forfeit it. FNRC Tweet = chain yank = bump = dump = pockets lined. Need to find where these scammers reside and have a face to face chat about their BS and reality. I admit that I bought in and was duped (my lack of research didn’t help) and believed in the BS posted here and on their now defunct website they can’t even seem to manage anymore. This penny stock is toast! Run away, far away... been watching it for years and it’s the same ole’ song and dance. Financials coming, blah, blah, blah... just enough to pump and get peoples buy in and then dump. It’s like spanking the monkey around here... it’s all fun when it pumps a bit and your jolly’s are getting peaked, but when it dumps and goes nowhere and you’re still holding, you’re kind of embarrassed about it. Next small pump, I dump, then buy back at .0001 and then catch the next pump, then dump and so on, so I can at least break even. It’s like clock work gents... I’m certain I’m not wrong about this! And, I’m not bitter lol, just disappointed in myself for buying into the bull poop! Read the company profile above and ask yourself do you truly believe in it anymore. I call BS!
1st NRG Corp Q1 2018 Corporate and JV Update
March 21, 2018 09:37 ET | Source: 1st NRG Corp
DENVER, CO, March 21, 2018 (GLOBE NEWSWIRE) -- 1st NRG Corp. (OTCBB: FNRC.PK), an exploration and production company headquartered in Denver, Colorado, has issued its Q1 2018 corporate update to shareholders on the Company’s progress.
Previously we announced our participation in a new joint venture to be owned 20% by the Company and 80% by others to acquire oil and natural gas reserves. The JV has negotiated contracts to purchase:
Approximately 60,000 acres containing approximately 600 wells to be returned to production. After closing, work will begin to increase production from existing wells to an estimated 20 MMCF/D. The anticipated work program will take 12 months and will be a combination of turning on inactive wells and targeting strategic workovers coupled with related cost optimization. Reserves are estimated at 43 BCF of developed 3P natural gas reserves per a third party engineering report.
Approximately 400 shallow CBM wells on 92,000 net acres currently producing 25.5 MMCFD. The wells contain an estimated 98 BCF of 3P reserves natural gas reserves per a third party engineering report and the acquisitions include mid-stream assets consisting of 72 miles of pipeline capable of 125 MMCFD of throughput capacity.
The joint venture has non-dilutive funding committed to the projects, and the JV is raising an initial round of equity for escrow deposits and due diligence prior to closing.
Possible follow on acquisitions include the 42% of Clabaugh Ranch not owned by 1st NRG, the natural gas gathering system we have been doggedly pursuing and another 422 CBM wells with an estimated 45 BCF of developed 3P natural gas reserves per a third party engineering report.
Our web site is currently being renovated. Our previous web site was difficult to maintain and update. We are also finishing Q3 and Q4 2017 financials and reporting for the OTC Markets.
About 1st NRG Corp.
Our activity has been centered upon the development of coal bed methane reserves in Wyoming where through our wholly owned subsidiary, 1st NRG Wyoming, we operate and hold a working interest in 43 producing wells, 3,059 undeveloped acres and an estimated 18.5 BCF net to our interest. The undeveloped acreage could be permitted for up to 36 additional locations which are characterized by what we believe to be low geologic risk, a repeatable development opportunity and are offsetting wells which all demonstrated developed coal seams in the Schwartz, Anderson, Canyon, Cook and Wall formations.
Please follow us to keep up to date on the latest corporate developments:
https://twitter.com/1stnrgcorp
Forward-looking statements in this release are within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 as amended. A statement identified by the words “expects,” “projects,” “plans,” “feels”, “anticipates,” and certain of the other foregoing statements may be deemed “forward-looking statements.” Although 1st NRG Corp. believes the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release.
Contact:
Brad Holmes
Energy IR: b_holmes@att.net
(713) 304-6962
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Contact:
Brad Holmes
Energy IR: b_holmes@att.net
(713) 304-6962
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Mr. December knows... believe he’s touched his ankles a few times in the past on this one and no hydrocarbons (think lube) came into play in any form or fashion. Yeeouch to the bank account, southside, and ego.
Doubt he’s wrong this go round either, but we can be hopeful because up is the only way to go lol.
Wishing us all luck!
Jaded Believer
So they can look legit for the next pump and dump suckers?
Long here for the next pump and bail!
It seemed so legit... dummy me!
Where's Mr. December for a big fat "I tried to tell ya'll!"
Lolol... Pennyland fun!!! Whahooooo!!!
It's my understanding that "Management" flew out to have a look-see at the well site and while standing around knowing nothing about what's going on, one of them pushed a big red button that said "Do Not Touch - unless you have a clue on how to make a well produce or run a company that owns a gas well." It was a big button!!! Anyway, all hell broke loose and in the ensuing mayhem, they lost control of the well and a massive blast obliterated all management and staff personnel off the face of the earth. Subsequently, there is no one left in the company to communicate with anybody else (shareholders) that may have a concern about the company's status and direction. At least that's what I heard...
Maybe it's just me and my thinking, but no Wyoming well production and reporting = no earnings. No pipeline gathering system purchase and operation = earnings. No new well production data on Ohio well = no potential land and assert value and potential future earnings. No purchase of 600 coal bed wells = no potential earnings.
Assets (valuable assets mind you), production and operation earnings = stock value.
Seems like we have a big fat zero here unless we can get a report and some well production and pipeline gathering system purchase/production/operation information.
My two cents from the .0001/.0002 cheap seats. Nothing much to lose so just sitting on what I own for a while to see if something comes of it... life in sub-penny land lolol
Nothing available at .0001. Have had a buy open for weeks now. Someone needs to get mad and dump their shares lol.
Yepper, not complaining and patient here. Any jump from .0001 and I win lol. I've had an open bid for a million for a few days that just won't close... nobody has loose hands.
All quiet on the Western front...
Concur!!
MMEX is just an idea at this time and look what it's done . If that's comes to fruition... kaboom.
FNRC has assets and if this deal closes... even more assets and kaboom.
Think about it... it's well worth laying a few grand down for your millions of shares to see where it goes from
Here... pretty good gamble it's going to go UP!
Patience is a virtue... Fun stuff!
Agree on that too lol
Agree...
Go get em' Tiger...
Lol... cracking me up. You're describing yourself. You lost on an investment in a penny stock for Pete's sake and can't swallow the bitter penny stock gamble prescription pill. Go look in the mirror before being so rude and slamming people.
You gambled, you lost, and you want to blame everyone, but yourself. Nobody made you click the buy button. You did so after doing your own due diligence.
High risk, high reward. Don't bet the farm and be prepared to lose it all. It will
always suck to lose, we've all been there, but it's your personal choice to invest in these stocks.
Pretty darn simple... be nice... and don't forget to go look in the mirror and before you click the buy button on these stocks and understand that the company leadership could be down right full of it.
Workover rigs make a lot of money too. Even better to workover your own offline or low production wells at reduced costs. Right in line with the company model.
Geeeezzzz
Zzzzzzzz!!
Serious potential here with the new well work and the gathering system aquisition. Buy cheap and prosper... wasn't that long ago this company was over a dime or a dollar for that matter. They've only worked to improve their position post Oil & Gas industry downturn and by 2018... could be significant and back sitting pretty... fun to gamble. .0002 to .01 could make you wealthy IMHO. Long!
I see like 8 or more and the company responding quickly as compared to pretty much nothing before... a bit more positive I'd say.
Would definitely like to see a detailed PR outlining the gathering system acquisition. That's money right there. The well and any subsequent wells could take a while to get online. My two cents.
Lots of chatter on the Twitter account... ?@1stnrgcorp ?
Where is the proof CEGX is telling lies?
Good read for industry knowledge regarding maintaining/improving well performance.
http://www.welldatalabs.com/2016/08/refracing-future-technology-pump-new-life-shale/
CEGX
Yepper... good stuff.. good points!!
As we've been stating, this is a company that got beat up in the industry downturn and is working diligently to rectify the situation by managing its assets and working to bring them back online in a revenue producing status. Also paying fines, getting current on filings, working with regulators as a whole, expanding their footprint in an extremely hot production area, bringing in more brain power and assets to the company with the other company purchase, etc..
When oil prices are down, there is no money to operate, much less stay compliant. Definitely not the only company out there with compliance concerns to manage, but manage them they are!! I get that some want to point to the past and harp on compliance and production issues, plugged wells, etc.. that happens when you're not making any money and simply trying to exist... the situation has changed, new money, new technology, a super hot zone, more brain power, and on and on. The focus should be on what is being done to correct the compliance issues, increase production, diversify the business and the positive direction things are headed.
Could be HUGE!
Definitely an opportunity to make money no matter what, I know I have already. Go CEGX!!!
Lol... no doubt.. winner, winner chicken dinner!
There is no doubt CEGX was in a bad way through the industry downturn. That has 100% change for their area of operations. CEGX also traded significantly higher prior to the downturn with the same assets in place, which most everyone is betting on. Now they've improved their position, which makes this look even better! Many companies were and are still working to clean things up. Like you point out, it takes time, money, assets, and the right people to get things going again, which it looks like many pieces of the puzzle are falling into place with mergers, filings, etc.
This is a long hold for the big pop with potential to add some change to the bank on the dips and then purchase more shares and maybe essentially making a killing off free shares.
I'm with you on your long term outlook... could be even longer. It's a small investment to buy enough shares to sit on even for a year that could in turn change your life forever. Just like gambling at the casino, though this is much more fun to me and patience is a virtue here.
Curious if you can quote CEGX where they've stated they were current, compliant, all ducks in a row and there were no issues they weren't trying to resolve? Can you show evidence of an actual lie? Or is this your interpretation based on their current status with TRRC and their filings. Can you provide something that is actually false and duping investors?
You call them liars, thieves, criminals, and scammers... where is the data that proves your potentially libel comments?
Just curious if you have hard facts on this or rather it's just an "IMHO" assessment of the company from a historical perspective as they've worked to survive during an industry downturn that gutted and shutin much larger companies?
Could it be their working on things on a daily basis to get current, create revenue,and become legit? I think that's what most folks are gambling on here... yes, this is a form of gambling lol.
OTC is high risk and high reward... people should know what they're getting into and not bet the farm... IMHO lol
Fun times!
Long Baby, Long!!!
I've been sitting on this stock for a while. I believe this is my second post on this board... hell, any board for that matter because I'd rather read and laugh, but I have to say "Buy up and stay long people!"
We can have the first CEGX Millionaire's party in Vegas next year and then take turns hosting it annually!
Someone already said they're buying a Microbrewery... second annual party is on them!
Tight hands... buy and hold like an owner till it really matters!!